Sibanye-Stillwater’s Rustenburg Mine Community Development Trust Unveils An R84 Million Investment
Sibanye-Stillwater’s Rustenburg Mine Community Development Trust Unveils An R84 Million Investment. Sibanye-Stillwater through the Sibanye Rustenburg Mine Community Trust (SRMCDT) is pleased to announce an R84 million investment for development programmes that will empower communities adjacent to Sibanye-Stillwater’s Rustenburg operation in the North West Province.
The SRMCDT was established in 2016 by Sibanye Rustenburg Platinum Mines (SRPM) – now Sibanye-Stillwater’s Rustenburg operation – to contribute towards socio-economic development programmes to create sustainable and empowered communities within the Rustenburg Local Municipalities (exclusively SRPM communities) and create a future that will sustain them beyond mining.
The Trust, which is part of the broad-based, black economic empowerment consortium owning 26% of the Rustenburg operation, has to date received an accumulative R301.8 million in dividends from the Rustenburg operation to unlock the value that can be created by community upliftment initiatives as outlined in the SRMCDT deed.
The Trust supports programmes in education and training, sustainable health and social development, rehabilitation of the natural environment, training for entrepreneurs and upliftment programmes for the vulnerable in the communities, in particular women, youth, and people living with disabilities.
Speaking at the unveiling of this investment by the SRMCDT in Rustenburg today, Grant Stuart, Chairperson of the SRMCDT said; “I am proud of our collective achievement in unlocking value for communities alongside local stakeholders. The investments we are making, totalling R84 million, signify our unwavering commitment to enhancing the lives of those residing in proximity to our mining operations. We firmly believe that these strategic initiatives, ranging from education and health to infrastructure development, will catalyse positive and sustainable transformations, fostering a brighter future for all.”
Sibanye-Stillwater CEO Neal Froneman said; “ We are delighted to announce another significant investment in our ongoing commitment to the well-being and prosperity of our local communities. This investment for various impactful initiatives will address the unique needs and challenges faced by our communities, with a focus on creating lasting positive change, and is testament to our belief in the potential of our communities and our commitment to superior shared value for all our stakeholders.”
